Banach Wealth Management May 03, 2009 Letter
April Markets Review
Is the market’s upturn real?
Will positive surprises continue?
Key Points
- 2009 year to date Total Returns
S&P 500 (872) -2%
US 10 Yr Bond (3.12%) -18%
NASDAQ (1717) +9%
Foreign (EAFE) -8% - U.S. GDP expected contraction = -2.6%
- 2009 earnings expected decline = -14%
- Markets may have hit bottom, but
economy has not reached its low point